SA electric car to be mass produced by 2012

Posted by Laura Grant on April 3, 2009
Posted in Transport


Cape Town-based Optimal Energy plans to mass produce its fully electric vehicle, Joule, in South Africa from 2012, but we can expect to see pilot fleets on our roads and internationally from next year, the company says.

The company has raised the industrialisation capital from a share issue to the Industrial Development Corporation (IDC) and from the Innovation Fund, the technology investment division of the department of science and technology. It intends raising more private capital towards the end of 2009.

“Interest in the vehicle has been enormous both at a local and international level,” said Kobus Meiring, Optimal Energy’s CEO.

“We are in the process of selecting a site for our first assembly and manufacturing plant. The location of the plant will be announced later this year,” he said.


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